space news from around the webin association with SpaceNews

EADS expects continued losses from space business
Posted: Fri, Nov 15, 2002, 7:45 AM ET (1245 GMT)
The European Aeronautic Defence and Space Company (EADS), Europe's largest aerospace company, said Thursday that it does not expect a profit from its space business through at least 2003. Through the first nine months of 2002 the space division of EADS reported a loss of 101 million euros (US$101 million), including a loss of 8 million euros (US$8 million) in the fiscal third quarter. Revenues for the space division in the first nine months of 2002 were 1.39 billion euros (US$1.39 billion), a drop of 10 percent compared to the same period a year ago. EADS CFO Hans Peter Ring said in a conference call Thursday that the company does not expect an operating profit from the space division through 2003. "With no market recovery in sight, management attention to restructuring and operating costs remains a top priority," the company said in a statement. EADS is a stakeholder in both launch vehicle company Arianespace and satellite manufacturer Astrium.
Related Links:
<<previous article   next article>>
news in brief

"Monster" planet puzzles astronomers
Posted: Sun, Nov 5 10:14 AM ET (1514 GMT)

Chairman of House Science Committee to retire
Posted: Sun, Nov 5 10:13 AM ET (1513 GMT)

news links
Thursday, November 23
Cover Story: The ultimate frontier market
The Edge Daily (Malaysia) — 1:58 am ET (0658 GMT)
Next-generation weather satellite in orbit, gets new name
Huntsville Times — 1:56 am ET (0656 GMT)
Successful First International Moon Village Workshop at ISU
International Space University — 1:53 am ET (0653 GMT)
The Short Life and Death of a Space Tourism Company
Air & Space — 1:51 am ET (0651 GMT)
Building for a Future in Space
University College Dublin Observer — 1:47 am ET (0647 GMT)

about   ·   ·   mailing list